FAQs

What is digital investing?

Digital investing means having the power to shape your financial future right at your fingertips. Because the InvestiFi digital investing platform is available within your Mobile App and Online Banking experience, it’s never been more accessible to secure your place in the markets. Whether you’re using a desktop, laptop, or mobile device, the user-friendly tools for trading the coins or securities of your choice are waiting for you.

Who is InvestiFi?

InvestiFi is a fintech company based in Delaware that was founded in 2020 with a goal of democratizing investing by enabling direct investing from an existing account. InvestiFi's investment advisory services are provided through AdvisiFi, LLC, a registered investment adviser wholly owned by InvestiFi. Brokerage services are provided by InvestiFi Securities LLC, a registered broker-dealer.

What is the relationship between Advantage FCU and InvestiFi?

Advantage FCU has partnered with InvestiFi to integrate its digital investing platform into our Mobile App and Online Banking experience. This allows you to access InvestiFi’s learning and investing tools directly from within your banking interface and to invest directly from your checking account without having to transfer money to a third-party app.

Can anyone invest?

No. Only individual account holders 18 or older and in good standing with the credit union can buy, sell, or hold assets. If you do not have an individual account (non-joint, in your name only), you can open a new account, with a different member number, online, or by contacting Advantage FCU. Commercial accounts are not supported.

What level of security does InvestiFi have?

InvestiFi Inc. has achieved SOC 2 Compliance, an enterprise-grade best practices standard for protecting customers’ data. Measures taken to achieve this designation include:

·         Network and application layer penetration tests performed by industry leading security firms

·         Continuous security control monitoring using the highest possible standards

·         Data encryption for in-transit, using TLS, and at rest

·         Secure software development through automated and manual security controls, vulnerability assessments, and ongoing monitoring

·         Employee training for all staff on employing best practices when handling customer data

Disclosure

Available for Personal Accounts 18 and over.

Investment advisory services provided by AdvisiFi, LLC (“AdvisiFi”), an investment adviser registered with the Securities and Exchange Commission (“SEC”). Registration does not imply a certain level of skill or training. AdvisiFi is a wholly-owned subsidiary of InvestiFi Inc (“InvestiFi”). Brokerage services are provided by

InvestiFi Securities LLC (“InvestiFi Securities”) and RQD* Clearing LLC (“RQD”), SEC-registered broker-dealers and members of FINRA/SIPC. Brokerage services are available only to residents of the United States and in jurisdictions where InvestiFi Securities is registered. Brokerage and advisory accounts are not held with the financial institution and are held with AdvisiFi, InvestiFi Securities, and RQD, respectively. You may check the background of these firms by visiting FINRA’s BrokerCheck. Cash and securities offered by InvestiFi Securities and held by RQD are (1) not insured by the FDIC, NCUA or other government agency, or by any private insurance offered in lieu of FDIC or NCUA coverage, (2) not guaranteed, (3) not financial institution deposits or obligations, and (4) may lose value. Digital assets (cryptocurrencies) are made available and held in a digital asset wallet operated by BitGo Bank & Trust, National Association ("BitGo"), not Advantage FCU, InvestiFi, or its affiliates. BitGo is a separate entity from, and not an affiliate of, Advantage FCU or InvestiFi. Digital assets are (1) not federally or privately insured; (2) not obligations of Advantage FCU or BitGo; (3) not guaranteed by Advantage FCU or BitGo; (4) heavily speculative and volatile; (5) may have associated fees; (6) may not allow account holder recourse; and (7) offered by a third party. Advantage FCU may receive compensation from your purchase of digital assets. Digital assets (i.e., cryptocurrencies) held in your digital asset wallet operated by BitGo are not insured by any government or private entities, including, but not limited to, FDIC, NCUA or ASI/ESI. Your digital investing account does not support wallet-to-wallet transferring of your digital assets (i.e. cryptocurrencies). You should carefully consider whether buying or holding digital assets is suitable for you, given your financial situation. The legal and regulatory status of digital assets is unsettled and rapidly evolving, and regulatory changes may restrict or prohibit your ability to buy, sell, or hold digital assets or may result in the suspension or termination of digital asset services without notice.